How do emerging market enterprises become competitive actors in a global environment still largely dominated by established firms from advanced economies? Debate on this question is fueled by an apparent paradox: Even though EMEs are increasingly becoming global contenders, their underlying...

The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...

Business exit has implications for a firm's corporate strategy. Two types of exit events are distinguished: those that involve strategic change and those that are status quo-preserving. This study investigates the impact of CEO turnover and succession on strategic versus status quo-preserving...